Business: DTE Energy Co Series E 4.375% Junior Subordinated Debentures due 2081 issued in $25 denominations, redeemable at the issuer's option on or after 12/01/2026 at $25 per share plus accrued and unpaid interest, and maturing 12/01/2081. <p> Interest distributions of 4.375% per annum ($1.09375 per annum or $0.375 per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date that will be 15 calendar days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> The company may, on one or more occasions, defer dividend payments for up to 40 consecutive quarters unless an event of default occurs, but not beyond the maturity date. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security is possibly subject to an early call before 12/01/2026 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 90 days of a tax event; before 12/01/2026 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 90 days of the occurrence of a rating agency event (see prospectus for further information). <p> This security was rated as Baa2 by Moody’s and BBB- by S&P at the date of its IPO. This security was rated as BB+ by Fitch Ratings Co. at the date of its IPO. The Notes are unsecured, junior subordinated obligations of the company and are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, junior to unsecured, subordinated indebtedness of the company and will rank equally with all existing and future unsecured, junior subordinated of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.